S. Jagathrakshakan

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In September 2012, several news reports alleged that his family is a part of a company named JR Power Gen Pvt Ltd which was awarded a coal block in Orissa in 2007. It was the same company which formed a joint venture with a public sector company, Puducherry Industrial Promotion Development and Investment Corporation (PIPDIC), on 17 January 2007. Barely five days after, PIPDIC was allotted a coal block. According to the MoU, JR Power enjoyed a stake in this allotment. However, JR Power had no expertise in thermal power, iron and steel, or cement, the key sectors for consumption of coal. Later, in 2010, JR Power sold 51% stake to KSK Energy Ventures, an established player with interests in the energy sector. The rights for the use of the coal block thus passed to KSK. [21] [22] Reacting to this, Jagathrakshakan admitted to getting a coal block, and said that, "It is true that we got a coal allocation but it was a sub-contract with Puducherry government and then we gave it away to KSK company. Now, we have got nothing to do with the allocation but if the government wants to take back the allocation it can do so." [23]

Foreign Direct Investment in Sri Lanka

In March 2019, Sri Lanka's BOI (Board of Investment) made an announcement regarding the $3.85 billion plan to build an oil refinery in Hambantota. [24] [25] The investor was reported as Silver Park International PTE Ltd registered in Singapore, which has as its Directors Jegath Rakshagan Sundeep Anand, Jagathrakshakan Sri Nisha and Jagathrakshakan Anusuya - the son, daughter and wife of Jagathrakshakan Swamikannu. [26] [27] It was also reported that Jagathrakshakan Swamikannu was a Director of the company from June 2017 to September 2018. Silver Park International Pte Ltd, is said to be investing 70% of the share capital — a total of $1887 million — in the project valued at a total of $3.85 billion. It was also reported that Jagathrakshakan along with his family was in Sri Lanka at the deal signing. This had led to news agencies calling for an explanation from the DMK on the source of funds, especially given Jagathrakshahan's chequered past. [28] On 12 Sep 2020, Enforcement Directorate seized properties of Jagathrakshakan worth Rs.89.1 crores, due to violation of Foreign Exchange Management Act regulations, in relation to illegal acquisition, holding and transfer of foreign security in Silver Park International PTE Ltd. [29]

Notes

  1. 1 2 3 PTI (2 November 2012). "Jagathrakshakan shifted to Commerce and Industry". The Hindu. Retrieved 22 November 2013.
  2. 1 2 3 4 5 "Biographical sketch at Indian Parliament website". National Informatics Centre. Retrieved 22 November 2013.
  3. 1 2 3 4 Mohan, Gopu (8 September 2012). "The businessman-politician who finds himself in coal row". Chennai. Retrieved 22 November 2013.
  4. ↑ "Vellore voters prove predictions wrong". The Hindu . Chennai, India. 18 May 2009. Archived from the original on 21 May 2009. Retrieved 22 November 2013.
  5. 1 2 "Profile of Member of Parliament". National Informatics Centre. Retrieved 22 November 2013.
  6. ↑ Ghildiyal, Subodh. "Alagiri snubs dad's confidant". The Times of India . New Delhi. Archived from the original on 3 December 2013. Retrieved 10 November 2013.
  7. ↑ C., Raja Mohan (25 March 2013). "Sorry chapter of M K Alagiri performance as Union minister". The Indian Express. New Delhi. Retrieved 10 November 2013.
  8. ↑ Statistical report on Tamil Nadu Assembly general elections 1980, p. 38
  9. ↑ Statistical report on Indian general elections 1984, p. 38
  10. ↑ Statistical report on Tamil Nadu Assembly general elections 1989, p. 260
  11. ↑ Statistical report on Indian general elections 1999, p. 224
  12. ↑ Statistical report on Indian general elections 2009, p. 344
  13. ↑ "Statistical report on General elections, 2014 to the 16th Lok Sabha". Election Commission of India. 2014. Retrieved 31 May 2014.
  14. ↑ "Statistical report on General elections, 2019 to the 17th Lok Sabha". Election Commission of India. 2019. Retrieved 30 July 2019.
  15. ↑ "Declaration of assets and liabilities by members of Lok Sabha" (PDF). PM India. 2011. Retrieved 22 November 2013.
  16. ↑ S, Karthick (23 May 2013). "Perks of power: India's less known but moneyed politicians". The Economic Times. Retrieved 22 November 2013.
  17. ↑ "Accord Group enters pharma business, targets sales in 18 states". Business Standard. 12 March 2020.
  18. ↑ "About Us". Accord Pharma. Retrieved 30 June 2020.
  19. ↑ "Who we are?". Bharath Institute of Higher Education and Research. Retrieved 30 June 2020.
  20. ↑ Narayan, Pushpa (3 June 2009). "UPA minister's medical college wants Rs 20L donation". The Times of India . Archived from the original on 24 October 2012. Retrieved 22 November 2013.
  21. ↑ "Coalgate: Now, DMK leader in the dock". Zee News. 7 September 2012. Retrieved 7 September 2012.
  22. ↑ "Coal scam: DMK minister comes under fire". Hindustan Times. 7 September 2012. Archived from the original on 7 September 2012. Retrieved 7 September 2012.
  23. ↑ "UPA minister's kin linked to coal block allocation deal". The Times of India . 7 September 2012. Archived from the original on 9 September 2012. Retrieved 7 September 2012.
  24. ↑ "BOI Statement Regarding Oil Refinery Project in Hambantota". Invest Sri Lanka. Board of Investment Sri Lanka. Retrieved 21 March 2019.
  25. ↑ "Sri Lanka's BOI clarifies status of investment in Oil Refinery Project in Hambantota". Colombo Page. ColomboPage News Desk.
  26. ↑ "DMK's Jagathrakshakan Swamikannu travelled to Sri Lanka for record FDI oil refinery deal signing". The Economic Times. ET Bureau. 24 March 2019.
  27. ↑ "DMK leader Jagathrakshakan's family linked to record FDI in Sri Lanka". The Hindu. 22 March 2019.
  28. ↑ "DMK leader Jagathrakshakan's links to Sri Lanka's 'biggest' FDI deal, explained". The News Minute. 23 March 2019.
  29. ↑ "FEMA violation: ED seizes DMK MP S Jagathrakshakan's properties". The Times of India. 12 September 2020.

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References

Dr. S. Jagathrakshakan
S. Jagathrakshakan (cropped).jpg
Member of Parliament, Lok Sabha
Incumbent
Assumed office
2019
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